Vandemoortele to acquire European margarines and spreads business of Bunge.

Vandemoortele, a manufacturer and seller of high-quality food products, agreed to acquire European margarines and spreads business of Bunge, a global agribusiness and food company. Financial terms were not disclosed. "Bunge’s focus going forward is on global leadership in our integrated value chains in oilseeds and grains, and in our connected oils, emulsifiers and proteins B2B ingredients businesses. We are pleased that the margarines and spreads business will be able to further develop under new ownership,” Pierre Mauger, Bunge Chief Transformation Officer and acting President.